Gain detailed insights into the trading activity of Congress members for Western Midstream on our government trades page. Stay updated on how elected officials are investing in WES.

Western Midstream - Government Trades

Western Midstream

Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.

Occidental Petroleum stock

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Occidental Petroleum is reportedly exploring a sale of its 49% stake in Western Midstream to reduce debt. WES has not launched a sales process nor has it engaged bankers or other advisors with a view toward doing so.

What&#39;s Going On With Western Midstream Shares Today?

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Western Midstream Partners shares are trading lower after the company reported worse-than-expected Q3 financial results.

"While we still expect Adjusted EBITDA to be towards the high end of our previously announced $2.2 billion to $2.4 billion guidance range for the year, we are reducing our average year-over-year crude-oil and NGLs and produced-water throughput growth expectations," the company said.

Guidance

Western Midstream Estimates Increased Q4 Adjusted EBITDA Primarily Driven By Continued Steady Throughput Growth From Core Operating Basins And Lower Operation And Maintenance Expense

Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) reported quarterly earnings of $0.74 per share which missed the analyst consensus estimate of $0.83 by 10.84 percent. This is a 5.71 percent increase over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $883.36 million which missed the analyst consensus estimate of $933.80 million by 5.40 percent. This is a 13.83 percent increase over sales of $776.01 million the same period last year.

Earnings

Earnings Misses

Western Midstream Q3 2024 GAAP EPS $0.74 Misses $0.83 Estimate, Sales $883.36M Miss $933.80M Estimate

Western Midstream's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) short percent of float has risen 18.89% since its last report. The company recently reported that it has 4.05 million shares sold short, which is 2.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.29 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Western Midstream Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730916923_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Western Midstream has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Western Midstream's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Western Midstream's peer group average for short interest as a percentage of float is 3.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(WES) - Analyzing Western Midstream's Short Interest

Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Western Midstream will report an earnings per share (EPS) of $0.83.
Investors in Western Midstream are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
The company's EPS beat by $0.09 in the last quarter, leading to a 1.13% increase in the share price on the following day.
Here's a look at Western Midstream's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.88</td>
<td>0.81</td>
<td></td>
<td>0.65</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.97</td>
<td>1.47</td>
<td>0.74</td>
<td>0.70</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>3.0%</td>
<td>11.0%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<h3>Performance of Western Midstream Shares</h3>
Shares of Western Midstream were trading at $36.81 as of November 01. Over the last 52-week period, shares are up 34.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Western Midstream</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Western Midstream.
Analysts have given Western Midstream a total of 6 ratings, with the consensus rating being Neutral. The average one-year price target is $40.0, indicating a potential 8.67% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Plains All American, DT Midstream and Antero Midstream, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Plains All American is favoring an Neutral trajectory, with an average 1-year price target of $19.0, suggesting a potential 48.38% downside.</li>
<li>DT Midstream is maintaining an Neutral status according to analysts, with an average 1-year price target of $88.14, indicating a potential 139.45% upside.</li>
<li>The prevailing sentiment among analysts is an Underperform trajectory for Antero Midstream, with an average 1-year price target of $16.0, implying a potential 56.53% downside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
Within the peer analysis summary, vital metrics for Plains All American, DT Midstream and Antero Midstream are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Western Midstream</td>
<td>Neutral</td>
<td>22.67%</td>
<td>$688.19M</td>
<td>11.34%</td>
</tr>
<tr>
<td>Plains All American</td>
<td>Neutral</td>
<td>11.47%</td>
<td>$468M</td>
<td>1.75%</td>
</tr>
<tr>
<td>DT Midstream</td>
<td>Neutral</td>
<td>5.98%</td>
<td>$195M</td>
<td>2.09%</td>
</tr>
<tr>
<td>Antero Midstream</td>
<td>Underperform</td>
<td>2.14%</td>
<td>$185.61M</td>
<td>4.68%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Western Midstream ranks in the top quartile for Revenue Growth and Gross Profit among its peers. However, it ranks in the bottom quartile for Return on Equity.
<h3>Unveiling the Story Behind Western Midstream</h3>
Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.
<h3>Western Midstream: A Financial Overview</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Positive Revenue Trend: Examining Western Midstream's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.67% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: Western Midstream's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 40.84%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Western Midstream's ROE stands out, surpassing industry averages. With an impressive ROE of 11.34%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Western Midstream's ROA excels beyond industry benchmarks, reaching 3.03%. This signifies efficient management of assets and strong financial health.
Debt Management: Western Midstream's debt-to-equity ratio stands notably higher than the industry average, reaching 2.18. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/WES/earnings">To track all earnings releases for Western Midstream visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Western Midstream's Earnings: A Preview

Management

Western Midstream Partners Names Oscar K. Brown As President And CEO Of The General Partner Western Midstream, Effective Immediately; Partnership Reaffirms 2024 Adjusted EBITDA And Free Cash Flow Guidance

Morgan Stanley analyst Robert Kad downgrades Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) from Equal-Weight to Underweight and lowers the price target from $42 to $40.

Downgrades

Morgan Stanley Downgrades Western Midstream to Underweight, Lowers Price Target to $40

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) in the last three months.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $40.0, along with a high estimate of $42.00 and a low estimate of $38.00. Observing a 3.63% increase, the current average has risen from the previous average price target of $38.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1729112408_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Western Midstream by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$41.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Shneur Gershuni</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$39.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$42.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$38.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Selman Akyol</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$40.00</td>
<td>$39.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Western Midstream. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Western Midstream compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Western Midstream's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Western Midstream's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/WES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Western Midstream analyst ratings.</a>
<h2>Delving into Western Midstream's Background</h2>
Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.
<h3>A Deep Dive into Western Midstream's Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Western Midstream showcased positive performance, achieving a revenue growth rate of 22.67% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 40.84%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Western Midstream's ROE stands out, surpassing industry averages. With an impressive ROE of 11.34%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.03%, the company showcases effective utilization of assets.
Debt Management: Western Midstream's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.18.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Western Midstream Through 5 Analysts

RBC Capital analyst Elvira Scotto maintains Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) with a Sector Perform and raises the price target from $38 to $41.

RBC Capital Maintains Sector Perform on Western Midstream, Raises Price Target to $41

UBS analyst Shneur Gershuni maintains Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) with a Neutral and raises the price target from $38 to $39.

UBS Maintains Neutral on Western Midstream, Raises Price Target to $39

Across the recent three months, 4 analysts have shared their insights on Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $39.75, a high estimate of $42.00, and a low estimate of $38.00. Witnessing a positive shift, the current average has risen by 1.92% from the previous average price target of $39.00.
<img src="https://www.benzinga.com/files/images/story/2024/1726488075_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Western Midstream. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$42.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$38.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Selman Akyol</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$40.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Selman Akyol</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Hold</td>
<td>$39.00</td>
<td>$39.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Western Midstream. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Western Midstream compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Western Midstream's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Western Midstream's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/WES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Western Midstream analyst ratings.</a>
<h2>Delving into Western Midstream's Background</h2>
Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.
<h3>Western Midstream: Financial Performance Dissected</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Western Midstream's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 22.67%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Western Midstream's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 40.84%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 11.34%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Western Midstream's ROA excels beyond industry benchmarks, reaching 3.03%. This signifies efficient management of assets and strong financial health.
Debt Management: Western Midstream's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.18.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 4 Analyst Recommendations For Western Midstream

Morgan Stanley analyst Robert Kad downgrades Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) from Overweight to Equal-Weight and maintains the price target from $42 to $42.

Morgan Stanley Downgrades Western Midstream to Equal-Weight, Maintains Price Target to $42

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Shares of oil and gas companies are trading lower following reports suggesting an impending deal will restart Libyan oil production and exports.

Western Midstream's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) short percent of float has risen 3.19% since its last report. The company recently reported that it has 7.35 million shares sold short, which is 3.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Western Midstream Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725045316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Western Midstream has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Western Midstream's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Western Midstream's peer group average for short interest as a percentage of float is 3.85%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Western Midstream's Recent Short Interest

RBC Capital analyst Elvira Scotto maintains Western Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) with a Sector Perform and raises the price target from $36 to $38.

RBC Capital Maintains Sector Perform on Western Midstream, Raises Price Target to $38

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Shares of oil and gas companies are trading lower amid a drop in the price of crude. Sector weakness may be due to soft demand in Asia and U.S. diplomatic efforts to secure a cease-fire deal in Israel.

Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) shares are trading higher today. The company disclosed a $3 billion reduction in principal debt in the third quarter of 2024, driven by strong organic<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40437811/occidental-announces-continued-progress-on-debt-reduction-and-divestiture-initiatives" rel="noreferrer noopener"> cash flow and proceeds from divestitures</a>.
Following the anticipated closing of the $818 million Barilla Draw divestment, Occidental plans to use the proceeds for debt repayments. This will bring its year-to-date debt reductions to over $3.8 billion, meeting about 85% of its $4.5 billion near-term debt reduction target.
Occidental Petroleum raised $700 million last week through the <a target="_blank" href="https://www.benzinga.com//node/40325107" rel="noreferrer noopener">sale of 19.5 million common units</a> in Western Midstream Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>). The company has now reached approximately $1.7 billion in completed or announced divestments for 2024.
The proceeds from its divestiture program will be used for debt reduction, while the company will also advance deleveraging through free cash flow.
Vicki Hollub, President and CEO, said, &#8220;We are pleased with the rapid and significant progress of our deleveraging program along with enhancements made to our already premier portfolio. By the end of the third quarter, we expect to achieve nearly 85% of our near-term $4.5 billion debt reduction commitment.&#8221;
Earlier this month, Occidental completed a $12 billion acquisition of CrownRock, enhancing the Permian portfolio <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40131532/whats-going-on-with-occidental-petroleum-shares-friday" rel="noreferrer noopener">with 170 Mboed high-margin production</a>.
Investors can gain exposure to the OXY stock via&nbsp;Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>)&nbsp;and&nbsp;First Trust Nasdaq Oil &amp; Gas ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXN#NASDAQ">FTXN</a>).
Price Action: OXY shares are up 0.51% at $57.91 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40260354/stuck-in-neutral-occidental-petroleum-beat-eps-consensus-but-faces-slowing-business" target="_blank" rel="noreferrer noopener">Stuck In Neutral: Occidental Petroleum Beat EPS Consensus But Faces Slowing Business, Analyst Says</a></li>
</ul>

Western Midstream Partners shares are trading lower after the company reported the commencement of a secondary public offering of 19 million common units representing limited partner interests by affiliates of Occidental.

&nbsp;Western Midstream Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) (&quot;WES&quot;) announced today the pricing of the previously announced underwritten secondary public offering of 19,000,000 common units representing limited partner interests in WES (&quot;Common Units&quot;) by affiliates of Occidental (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) (the &quot;Selling Unitholders&quot;), for gross proceeds of&nbsp;$685.9 million. The offering is expected to close on&nbsp;August 14, 2024, subject to customary closing conditions.

Reported Earlier, Western Midstream Announced $685.9M Secondary Public Offering of 19M Common Units by Occidental Affiliates

Western Midstream Partners, LP Common Units 2024 Q3 - Results - Earnings Call Presentation

Amid robust demand in the market, midstream energy companies are seeing a favorable landscape for expansion and growth. Thus, strong midstream energy stocks MPLX LP (MPLX), Enterprise Products Partners (EPD), and Western Midstream Partners (WES) offering high yields could be ideal investments. Read more... The current uncertain geopolitical circumstances, growing oil and gas demand &amp; supply operations, and the latest technologies are propelling the market outlook of the midstream energy industry, and the growth is expected to continue in the upcoming period.
Given the industry tailwinds, it could be wise to invest in fundamentally sound midstream energy stocks MPLX LP (<a href="https://stocknews.com/stock/MPLX/">MPLX</a>), Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>), and Western Midstream Partners LP (<a href="https://stocknews.com/stock/WES/">WES</a>), offering strong dividend yield.
Midstream entities like master limited partnerships (MLP) are publicly traded limited partnerships, combining the tax benefits of a private partnership and the liquidity of a publicly traded company. They generally enjoy stable cash flows and are required to distribute a set amount of cash to their investors, hence benefiting investors with high dividend yields.
The <a href="https://www.techsciresearch.com/report/midstream-oil-and-gas-market/22611.html">midstream energy segment</a> is currently poised for robust growth with their ever-expanding role in the market through activities like transporting, storing, and distributing, facilitating the movement of products. The activities in the segment are continuously growing with surging energy demand globally, changing geopolitical dynamics, and technological advancements.
The global midstream oil and gas market is expected to project growth at a <a href="https://www.mordorintelligence.com/industry-reports/oil-and-gas-midstream-market">CAGR of 3.2%</a>, resulting in a market volume of $41.44 billion by 2029. Increasing economic activities and the production and consumption of natural gas and refined petroleum products currently drive the market.
Amid this growth, investors could benefit from investing in companies and MLPs operating in the midstream energy market, which are currently evidencing solid demand and offering stable revenue through dividend payments to investors.
Considering these industry factors, let's delve into the fundamentals of the top high-yield <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs – Oil &amp; Gas</a> stocks, beginning with the third choice.
Stock #3: MPLX LP (<a href="https://stocknews.com/stock/MPLX/">MPLX</a>)
MPLX primarily owns and operates midstream energy infrastructure and logistics assets. The company operates through Logistics and Storage and Gathering and processing segments.
On October 29, MPLX's board of directors declared a quarterly cash distribution of $0.9565 per common unit for the third quarter of 2024, which reflects a 12.5% increase, or $0.1065 increase per common unit, from the second quarter of 2024 distribution. The distribution is to be paid on November 15, 2024, to common unitholders of record as of November 8, 2024.
MPLX pays an annual dividend of $3.83, which translates to a yield of 8.43% at the current share price. Its four-year average dividend yield is 9.54%. Also, the company's dividend payouts have increased at a CAGR of 7.3% over the past three years. MPLX has raised its dividends for 10 consecutive years.
MPLX's total revenues and other income increased 2.1% year-over-year to $2.97 billion during the third quarter that ended September 30, 2024. The company's income from operations grew 10.5% from the previous year's period to $1.28 billion. Also, net income attributable to MPLX totaled $1.04 billion and $1.01 per limited partner unit, up 13% and 13.5% year-over-year, respectively.
Furthermore, adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> attributable to MPLX LP rose 7.4% from the prior-year quarter to $1.71 billion.
Analysts expect MPLX's revenue and EPS for the fourth quarter (ending December 2024) to increase 5.9% and 8.2% year-over-year to $3.14 billion and $1.05, respectively. Also, the company has surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of MPLX have surged 12.5% over the past six months and 29.8% over the past year to close the last trading session at $46.44.
MPLX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
MPLX has an A grade for Stability. It also has a B grade for Quality, Sentiment, and Momentum. It is ranked #6 out of 23 stocks in the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs – Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have other ratings for MPLX. Get all MPLX ratings <a href="https://stocknews.com/stock/MPLX/">here</a>.
Stock #2: Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD offers midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates in NGL Pipelines &amp; Services; Crude Oil Pipelines &amp; Services; Natural Gas Pipelines &amp; Services; and Petrochemical &amp; Refined Products Services segments.
On October 29, EPD completed of the second phase of its Texas Western Products system. Located in Grand County, Utah, the facility is a refined products truck terminal serving the Grand Junction, Colorado, and Moab, Utah, areas. It has a storage capacity of 400,000 barrels for gasoline and diesel and can load trucks at a rate of up to 20,000 bpd.
On October 28, EPD completed the acquisition of Piñon Midstream, LLC. EPD purchased Piñon Midstream for $950 million in cash consideration as part of a debt-free transaction. The assets acquired under the transaction, including natural gas gathering and treating services, will expand EPD's footprint in the eastern flank of the prolific Delaware Basin of Texas and New Mexico.
Also, on October 2, EPD's board of directors declared a quarterly cash distribution for the third quarter of 2024 of $0.525 per unit. The distribution will be paid on November 14, 2024, to common unitholders of record as of the close of business on October 31, 2024. This distribution represents a 5% increase from the distribution declared within the third quarter of 2023.
EPD pays an annual dividend of $1.16, which translates to a yield of 2.60% at the current share price. Its four-year average dividend yield is 1.97%. Moreover, the company's dividend payouts have increased at a CAGR of 17.4% over the past three years. Kroger has raised its dividends for 16 consecutive years.
During the third quarter of 2024, which ended on September 30, 2024, EPD's total revenues grew 14.8% from the year-ago value to $13.78 billion. Its operating income increased 5% year-over-year to $1.78 billion. The company's net income attributable to common unitholders came in at $1.42 billion and $0.65 per unit, reflecting growth of 7.5% and 8.3% from the prior year's quarter, respectively.
Furthermore, the company's adjusted EBITDA rose 4.9% from the year-ago value to $2.44 billion. And its non-GAAP free cash flow rose 4.3% from the prior-year quarter to $907 million.
Analysts expect EPD's revenue and EPS for the first quarter (ending March 2025) to increase marginally and 4.5% year-over-year to $14.85 billion and $0.70, respectively. Further, the company has surpassed the consensus EPS estimates in three of the four trailing quarters.
Over the past six months, EPD's stock has gained 5.6% and 13.5% over the past year to close the last trading session at $29.97.
EPD's robust outlook is reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Momentum, Value, and Stability. Within the same industry, EPD is ranked #4 of 23 stocks.
<a href="https://stocknews.com/stock/EPD/">Click here</a> to access other ratings of EPD for Growth, Sentiment, and Quality.
Stock #1: Western Midstream Partners, LP (<a href="https://stocknews.com/stock/WES/">WES</a>)
WES operates as a midstream energy company. The company is involved in gathering, compressing, treating, processing, and transporting natural gas. It also gathers, stabilizes, and transports condensate, natural gas liquids (NGLs), and crude oil and engages in the gathering and disposing of produced water.
On October 17, WES' board of directors declared a quarterly cash distribution of $0.875 per unit for the third quarter of 2024, or $3.50 on an annualized basis. The distribution is payable on November 14, 2024, to unitholders of record at the close of business on November 1, 2024.
WES' annual distribution translates to a yield of 9.27% on the current share price. Its four-year average yield is 7.22%. The company's dividend payouts have grown at a CAGR of 36.2% over the past three years.
For the third quarter that ended September 30, 2024, WES reported total revenues and other of $883.36 million, up 13.8% year-over-year. Its operating income was $395.87 million, indicating a growth of 9.7% from the prior year's quarter. The company's net income attributable to WES grew 4% and 5.7% from the year-ago value to $288.48 million and $0.74 per common unit, respectively.
Analysts expect WES' revenue for the fourth quarter (ending December 2024) to increase 11% year-over-year to $952.42 million. The consensus EPS estimate for the same period of $0.89 indicates a 20.7% year-over-year growth. Moreover, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
WES' stock has surged 8.1% over the past six months and 36.1% over the past year to close the last trading session at $38.53.
WES' POWR Ratings reflect its bright prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
WES has a B grade for Stability, Momentum, and Quality. The stock is ranked #3 among 23 stocks in the A-rated MLPs – Oil &amp; Gas industry.
To access WES' other ratings for Sentiment, Growth, and Value, <a href="https://stocknews.com/stock/WES/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
EPD shares were unchanged in after-hours trading Thursday. Year-to-date, EPD has gained 23.47%, versus a 26.49% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/epd-mplx-wes-3-midstream-energy-stocks-with-strong-dividend-yields/>3 Midstream Energy Stocks With Strong Dividend Yields</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Midstream Energy Stocks With Strong Dividend Yields

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Press Releases

WESTERN MIDSTREAM ANNOUNCES SECOND-QUARTER 2024 RESULTS

Offerings

WESTERN MIDSTREAM ANNOUNCES SECONDARY PUBLIC OFFERING OF COMMON UNITS

WESTERN MIDSTREAM ANNOUNCES PRICING OF SECONDARY PUBLIC OFFERING OF COMMON UNITS

WESTERN MIDSTREAM ANNOUNCES PRICING OF NOTES OFFERING

WESTERN MIDSTREAM ANNOUNCES SECOND-QUARTER POST-EARNINGS INTERVIEW WITH CHIEF FINANCIAL OFFICER, KRISTEN SHULTS AND CHIEF OPERATING OFFICER, DANNY HOLDERMAN

Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives

WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALL

WESTERN MIDSTREAM APPOINTS OSCAR BROWN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER 2024 RESULTS

WESTERN MIDSTREAM ANNOUNCES THIRD-QUARTER POST-EARNINGS INTERVIEW WITH CEO, OSCAR BROWN, AND CFO, KRISTEN SHULTS

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